Crude oil (WTI) was down 1.41% to $49.73 per barrel while Brent crude was falling 1.37% to $51.79 per barrel this afternoon.
Oil prices were declining on Friday after Baker Hughes (BHI) reported that U.S. rigs drilling for oil rose by 3 to 428 total rigs last week.
This is the sixth consecutive week drillers have added rigs, MarketWatch notes.
Additionally, profit-taking was weighing on oil today, Reuters reports. Oil prices have risen more than 10% since OPEC agreed last month to its first output cut in eight years.
Marathon Oil is a Houston-based oil exploration and production company.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.
TheStreet Ratings rated this stock as a "sell" with a ratings score of D.
The company's weaknesses can be seen in multiple areas, such as its weak operating cash flow and disappointing return on equity.
You can view the full analysis from the report here: MRO